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Technology column: Elevate Northeast launches Emerging Entrepreneurs fund

By September 20, 2018 November 2nd, 2018 No Comments

Technology column: Elevate Northeast launches Emerging Entrepreneurs fund

| Business Weekly

September 20th, 2018

Emerging Entrepreneurs applications must represent Indiana-based companies with a headquarters in a community under a partnership with Elevate Ventures to qualify for funding. The companies must have no more than $50,000 in trailing revenue over the past 12 months.

Funding for the investment is from the Indiana Economic Development Corp.’s 21st Century Technology and Research Fund, provided by Elevate Ventures from its $200,000 Community Ideation Fund.

The Community Ideation Fund was created to feed entrepreneurial momentum through investment in some of northeast Indiana’s startup and early-stage companies.

The first three companies receiving Emerging Entrepreneurs investment will be identified at Launch Night.

The individuals running the businesses are among the early $1,000 grant recipients of the Farnsworth Fund, which Elevate Northeast Indiana started this year to provide entrepreneurs in the region with community, mentors and money to help them launch and grow their companies.

Launch Night coincides with the next Farnsworth Fund Social, “which means you get to connect and collaborate with other northeast Indiana entrepreneurs while enjoying drinks and appetizers,” the announcement said.

“Whether you are brand new or a seasoned business veteran, you will find yourself surrounded by a supportive community of peers who want to see you achieve your vision.”

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